Debt Consolidation Loans & Personal Loans If you want debt consolidation loans , Personal Loans Credit outline a range of options. Here you can compare loans from many lenders using powerful, online comparison software. When choosing what you should do about your debts. Think Debt Consolidation is only one option, you could consider other options such as using loans or credit cards. You may want a debt consolidation consultation.You may be able to just use a loan, but you will need to decide which loan is most suitable. There are basically two types of loans you can apply for in the UK. Unsecured Personal Loans and Secured Personal Loans. Before you decide on a debt consolidation option you may want to consider all your options, some options include secured loans and unsecured loans, other forms of finance are credit cards and mortgages. Secured Personal Loans Secured loans are loans which are secured on the equity in your house. The equity can be found by subtracting any mortgage and loans secured on your house from the value of your house. You would have to be a homeowner in order to apply for a secured loan. There are many advantages to secured loans. Due to the security the lender has in your house for the loan amount, they can consider higher value loans; also, this type of loan may be easier to obtain if you have bad credit as the lender will have the equity in your house to "secure" the loan. More Info   Unsecured Personal Loans Unsecured loans are the opposite to secured loans. This type of loan does not provide security for the lender and as such they are harder to obtain if you have adverse / bad credit, ccj's, mortgage arrears etc. The comparison software will, however, allow you to search for a bad credit unsecured loan. These loans can be applied for by homeowners and non-home-owners, however, if you do own your own home you may stand a better chance of acceptance with a secured loan, especially if you have bad credit. Unsecured loans can be used for many things, like debt consolidation, car finance, home improvements or even a holiday. More Info   Credit Cards Credit cards are increasing in popularity by the day. There are many offers available with different companies. Options 1. Debt Consolidation Consultation - You can use a company that specialises in this, normally you can fill in a short form and they will go through all your debts with you over the phone. 2. Unsecured Debt Consolidation - Debt Consolidation may be possible with an unsecured loan, however you should think whether this is going to make your debts worse. 3. Credit Cards - You could consider the use of credit cards for you debts but this may be what got you there in the first place and can often be a struggle to manage. 4. Secured Options - You could want to consider looking at securing you debts on your home, however this option is only available to homeowners.